A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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State Bank of India (SBI) has secured a EUR 100 million Line of Credit agreement with Agence Française de Développement (AFD) at GIFT City to promote green financing initiatives. This partnership aims to support climate mitigation and adaptation projects, furthering India's transition to a low-carbon economy. SBI intends to build a green loan portfolio comprising 7.
10:10 AM
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Indian bank operations will proceed normally on August 30, 2025, a fifth Saturday, while digital services remain accessible during holidays. Branch visits are necessary for specific tasks like KYC updates and deceased account settlements.
12:10 AM
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Canada's economy experienced a contraction of 1.6% in the second quarter, marking the first GDP decline in seven quarters. This downturn was largely attributed to a sharp 7.5% fall in exports, significantly impacted by tariffs imposed by the US. The decline has fueled speculation that the Bank of Canada might consider cutting interest rates in September.
7:10 PM
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Despite President Trump's tariffs, the Federal Reserve's preferred inflation measure remained steady in July, while core inflation saw a slight increase, indicating ongoing price pressures. This data reinforces the Fed's cautious approach to interest rate cuts, as inflation remains above the central bank's 2% target. Trump has criticized Fed Chair Powell for not implementing aggressive rate cuts.
4:10 PM
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Power Finance Corporation (PFC) and Japan Bank for International Cooperation (JBIC) have formalized a loan agreement amounting to 60 billion Japanese Yen, approximately Rs 3,500 crore, to facilitate clean energy initiatives in India. This collaboration, under JBIC’s GREEN initiative, aims to bolster sustainable development and fortify economic relations between India and Japan.
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